Abu Dhabi Bank’s first corporate finance officer leaves source

DUBAI, Sept 7 (Reuters) – Andy Cairns, director of corporate finance at First Abu Dhabi Bank (FAB.AD), is leaving the UAE’s top lender, a source familiar with the matter said.

Cairns, FAB’s senior managing director, had been with the group for eight years.

It was not immediately clear why he was leaving the bank.

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The bank did not immediately respond to a request for comment from Reuters.

The FAB saw a leadership change earlier this year when Hana al-Rostamani became the bank’s first female chief executive, replacing bank veteran Andre Sayegh who retired.

It has established itself as a major player in the loan and bond market in the Middle East and North Africa (MENA) and has been involved in major regional transactions.

According to data from Refinitiv, FAB is ranked as the best year-over-year loan bookrunner in the MENA region and is also eighth in the regional debt capital market rankings.

The bank was among the lenders in the $10.5 billion loan agreement to finance the sale of oil pipelines by Saudi Aramco to a consortium led by Washington DC-based energy infrastructure investor EIG.

FAB is also one of the banks advising Abu Dhabi National Oil Co (ADNOC) on the listing of its drilling activity.

In the past, Cairns has also worked with Bank of America Merrill Lynch and HSBC, as shown on its Linkedin profile.

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Reporting by Saeed Azhar; Editing by Emelia Sithole-Matarise

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